During the week ending May 15, pre-painted galvanized iron (PPGI) quotations in the Chinese domestic market have moved on a stable trend, while overall transaction activity has been at low levels. Average PPGI prices in the local Chinese market are presented in the following table.
During the given week, downstream buyers have been unwilling to conclude purchases of PPGI, resulting in slack transaction activity. Most traders have been maintaining a wait-and-see stance as regards the future prospects for the market and are still somewhat cautious about adjusting their offer prices. It is thought that PPGI prices in the Chinese domestic market will likely indicate a slight downtrend in the coming week.
Product Name | Spec. | Category | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
Thick color coated coils | 0.476 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,500 | 887 | 0 |
Guangzhou | Huamei | 5,500 | 887 | 0 | |||
Boxing | Guanzhou | 4,400 | 710 | 0 | |||
Average | - | 5,133 | 828 | 0 | |||
Thin color coated coils | 0.426 mm x 1,000 x C | CGCC | Shanghai | NewDaZhong | 5,700 | 919 | 0 |
Guangzhou | Huamei | 5,520 | 890 | 0 | |||
Average | - | 5,451 | 879 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.20